It is very important to set up a properly numbered chart of accounts, especially in a computerized accounting system. Use account numbers 101 through 106, 201, 221, 301, 321, 401, 501, and 521 to correspond to the following selected accounts from the general ledger of Welluck Map Company. List the accounts and their account numbers in proper order, starting with the most liquid current asset.
Randy Welluck, Capital ..................... Amortization Expense-Computer Equipment
Accounts Receivable ......................... Cost of Goods Sold
Cash ........................................... Note Payable, Long-Term
Accounts Payable ........................... Randy Welluck, Withdrawals
Computer Equipment ....................... Inventory
Supplies ....................................... Sales Revenue
Accumulated Amortization-Computer Equipment